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Article: MINOR DELAY FOR PRADA IPO.(initial public offering)(Brief Article)
- Article from:
- WWD
- Article date:
- June 6, 2002
- Author:
CopyrightCOPYRIGHT 2002 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON -- Prada is planning to push the date of its initial public offering back by about two weeks, with trading due to start in mid-July, according to banking sources.
A Prada spokeswoman declined to comment.
Prada has never confirmed a date for the start of its road show, but it was believed to be around June 17. The sources said the road show will now most likely kick off on or around July 1. The reason for the change is technical: Prada didn't want its IPO to conflict with that of the spinoff of Pirelli's real estate division, which is due to kick off around the same time, the sources said. A major Italian beauty company reportedly is looking to ...